SpaceX Rejected from S&P 500 Index - Finally a Sane Decision

I wonder if anyone could have predicted that hyper-financialized economies with limited effective regulation would lead to an environment where playing funny money games was more lucrative than actual production? edit.(the answer is marx predicted it btw)

if space X goes directly into 401k plans I see the worlds largest class action lawsuit

Thank God. My pension breathes a sigh of relief.

Good, I'm not from the US and even I'm happy watching some sensible people doing their job well.

C'mon Eli soon everyone on earth will have a robotaxi in their driveway making all humans passive income while they sleep and every home in the entire world will have 2 or 3 Optimus prime robots to fold our laundry and even vacuum our floors and we will get a Saturn base for one billion people to live

People are already financially nihilistic if not suicidal, a lot of people are already in "I have no future so why bother saving" mode

Space X is grossly grossly overvalued, and the only thing the retail investor/ middle class 401K person can do is to move out their money OUT of Nasdaq index funds. Morningstar rated SpaceX at ~1/2 of its IPO evaluation. But much worse will be the IPOs of Anthropic and OpenAI. Instead of 50% their real value may be 10% of the IPO price.

The crazy thing is Alibaba prints money!

I mean, what better way to kick off the class war than to undermine the trust in the markets & economy? This is perfect for those people wanting to see us peasants fight amongst ourselves for scraps as we face the coming global market reset (aka collapse). Everything is turning into strategic moves and a “shell game” so common folk don’t see the bigger picture of their game.

elon is running a pump and dump scheme on the index funds. i might just get out of index funds entirely.